A trust in which a fixed percentage (not less than 5 percent) of the value of the trust property is given at least annually to a beneficiary, and the entire remainder is given to charity is a(n)

Question

Quizplus · Accepted Answer

This type of trust is called a charitable remainder unitrust (CRUT). It requires a fixed percentage of the trust property to be given annually to a beneficiary, and the remainder is ultimately donated to charity. This allows the donor to receive a tax deduction for the charitable donation while also providing income to the beneficiary. The other options listed do not fit this description.

A Trust in Which a Fixed Percentage (Not Less Than